Investment Objective/Strategy -The First Trust S&P International Dividend Aristocrats ETF (the "Fund"), formerly the International Multi-Asset Diversified Income Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the S&P International Dividend Aristocrats Index (the "Index"). Under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation.

There can be no assurance that the Fund's investment objectives will be achieved.

The index begins with the S&P Global Broad Market Index and eliminates those companies that do not have an average daily traded value of at least $5 million for the 3-months prior to the rebalancing reference date.

Every security must have a float-adjusted market capitalization of at least $1 billion and must meet stringent eligibility criteria.

The 100 eligible securities with the highest indicated dividend yield are considered, subject to a maximum of 20 securities from any one country and a maximum of 35 securities from any one Global Industry Classification Standard (GICS) sector.

U.S. stocks are excluded from inclusion and approximately 80 - 100 eligible securities are selected.

Index constituents are weighted by indicated annual dividend yield. At each rebalancing, the weight for each index constituent is capped at 3%, and the weight of each country and GICS sector is capped at 25%, respectively.

The index is rebalanced annually.

Fund Overview

Ticker

FID

Fund Type

Foreign Equity Income

Investment Advisor

First Trust Advisors L.P.

Investor Servicing Agent

Brown Brothers Harriman

CUSIP

33738R688

ISIN

US33738R6889

Intraday NAV

FIDIV

Fiscal Year-End

09/30

Exchange

Nasdaq

Inception

8/22/2013

Inception Price

$19.97

Inception NAV

$19.97

Rebalance Frequency

Annual

Expense Ratio

0.60%

Current Fund Data (as of 1/18/2019)

Closing NAV1

$16.52

Closing Share Price2

$16.51

Bid/Ask Midpoint

$16.57

Bid/Ask Premium

0.30%

Total Net Assets

$11,564,819

Outstanding Shares

700,002

Daily Volume

1,826

Average 30-Day Daily Volume

9,233

Closing Share Price 52-Week High/Low

$19.55 / $15.33

Closing NAV 52-Week High/Low

$19.33 / $15.40

Number of Holdings

77

Fund Characteristics (as of 12/31/2018)7

Maximum Market Cap.

$141,897

Median Market Cap.

$9,254

Minimum Market Cap.

$1,174

Price/Earnings

13.66

Price/Book

1.45

Price/Cash Flow

9.03

Price/Sales

1.13

Top Holdings (as of 1/18/2019)

Holding

Percent

Fortum Oyj

2.34%

EDP - Energias de Portugal, S.A.

2.27%

GlaxoSmithKline Plc

2.17%

Greene King Plc

2.17%

Enagas S.A.

2.15%

Guangdong Investment Limited

1.97%

APA Group

1.82%

RioCan Real Estate Investment Trust

1.82%

The Chugoku Electric Power Company, Incorporated

1.81%

SCOR SE

1.80%

Holdings are subject to change.

NAV History (Since Inception)

Past performance is not indicative of future results.

Distribution Information

Dividend per Share Amt (as of 1/21/2019)3

$0.2230

30-Day SEC Yield (as of 12/31/2018)4

3.89%

12-Month Distribution Rate (as of 12/31/2018)5

5.50%

Index Yield (as of 12/31/2018)6

4.92%

Bid/Ask Midpoint vs. NAV (as of 12/31/2018)

Number of Days Bid/Ask Midpoint Above NAV

Quarter Ended

0-49Basis Points

50-99Basis Points

100-199Basis Points

>=200Basis Points

12/31/2018

18

4

0

0

9/30/2018

27

3

0

0

6/30/2018

32

2

0

0

3/31/2018

24

31

3

0

Number of Days Bid/Ask Midpoint Below NAV

Quarter Ended

0-49Basis Points

50-99Basis Points

100-199Basis Points

>=200Basis Points

12/31/2018

33

8

0

0

9/30/2018

27

6

0

0

6/30/2018

24

6

0

0

3/31/2018

2

1

0

0

The price used to calculate market return is determined by using the midpoint between the highest bid and the lowest offer on the stock exchange, on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated.

Top Country Exposure (as of 1/18/2019)

Country

Percent

Canada

23.11%

United Kingdom

13.69%

France

9.40%

Japan

8.26%

Hong Kong

8.13%

South Africa

5.36%

Sweden

5.27%

Spain

5.25%

Switzerland

3.72%

Germany

3.47%

Top Sector Exposure (as of 1/18/2019)

Financials

23.64%

Utilities

21.91%

Real Estate

13.19%

Consumer Staples

8.72%

Communication Services

7.66%

Consumer Discretionary

7.18%

Industrials

6.04%

Energy

5.30%

Health Care

4.65%

Information Technology

0.93%

Materials

0.78%

Month End Performance (as of 12/31/2018)

3 Mos

YTD

1 Year

3 Year

5 Year

10 Year

SinceFundInception8

Fund Performance *

Net Asset Value (NAV)

-7.37%

-11.68%

-11.68%

4.34%

-0.29%

N/A

0.65%

After Tax Held

-7.90%

-13.47%

-13.47%

2.21%

-2.32%

N/A

-1.54%

After Tax Sold

-4.36%

-6.84%

-6.84%

2.43%

-1.08%

N/A

-0.44%

Market Price

-7.55%

-12.14%

-12.14%

3.49%

-0.17%

N/A

0.61%

Index Performance **

S&P International Dividend Aristocrats

-7.33%

N/A

N/A

N/A

N/A

N/A

N/A

Dow Jones EPAC Select Dividend™ Index

-10.65%

-10.34%

-10.34%

5.02%

-0.33%

N/A

1.72%

MSCI World ex USA Index

-12.78%

-14.09%

-14.09%

3.11%

0.34%

N/A

2.25%

Quarter End Performance (as of 12/31/2018)

3 Mos

YTD

1 Year

3 Year

5 Year

10 Year

SinceFundInception8

Fund Performance *

Net Asset Value (NAV)

-7.37%

-11.68%

-11.68%

4.34%

-0.29%

N/A

0.65%

After Tax Held

-7.90%

-13.47%

-13.47%

2.21%

-2.32%

N/A

-1.54%

After Tax Sold

-4.36%

-6.84%

-6.84%

2.43%

-1.08%

N/A

-0.44%

Market Price

-7.55%

-12.14%

-12.14%

3.49%

-0.17%

N/A

0.61%

Index Performance **

S&P International Dividend Aristocrats

-7.33%

N/A

N/A

N/A

N/A

N/A

N/A

Dow Jones EPAC Select Dividend™ Index

-10.65%

-10.34%

-10.34%

5.02%

-0.33%

N/A

1.72%

MSCI World ex USA Index

-12.78%

-14.09%

-14.09%

3.11%

0.34%

N/A

2.25%

3-Year Statistics (as of 12/31/2018)

Standard Deviation

Alpha

Beta

Sharpe Ratio

Correlation

FID

10.30%

1.68

0.78

0.36

0.85

Dow Jones EPAC Select Dividend™ Index

11.45%

1.93

0.97

0.40

0.96

MSCI World ex USA Index

11.24%

---

1.00

0.24

1.00

Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.

*Performance data quoted represents past performance. Past performance is not a guarantee of future
results and current performance may be higher or lower than performance quoted. Investment returns
and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than
their original cost.

After Tax Held returns represent return after taxes on distributions. Assumes shares have not been sold.
After Tax Sold returns represent the return after taxes on distributions and the sale of fund shares. Returns
do not represent the returns you would receive if you traded shares at other times. Market Price returns are
based on the midpoint of the bid/ask spread on the stock exchange on which shares of the fund are listed for
trading as of the time that the fund’s NAV is calculated. Returns are average annualized total returns, except
those for periods of less than one year, which are cumulative.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and
do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax
situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold
their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

**Performance information for the S&P International Dividend Aristocrats is for illustrative purposes only and does not represent actual fund performance.

Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.

On August 30, 2018, the fund's underlying index changed from the NASDAQ International Multi-Asset Diversified Income Index to the S&P International Dividend Aristocrats Index. Therefore, the fund’s performance and historical returns shown for the periods prior to this date are not necessarily indicative of the performance that the fund, based on its current index, would have generated.

Dow Jones EPAC Select Dividend™ Index - The Index consists of high dividend paying companies in the EPAC (Europe, Pacific, Asia and Canada) region, which covers developed markets excluding the United States.

MSCI World ex USA Index - The Index includes developed markets and is designed to provide a broad measure of stock performance throughout the world, with the exception of U.S.-based companies.

Fund shares are purchased and sold on an exchange at their share price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).

3

Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.

4

The 30-day SEC yield is calculated by dividing the net investment income per share earned during the most recent 30-day period by the maximum offering price per share on the last day of the period and includes the effects of fee waivers and expense reimbursements, if applicable.

5

12-Month Distribution Rate is calculated by dividing the sum of the fund's trailing 12-month ordinary distributions paid or declared by the NAV price. Distribution rates may vary.

6

Index yield represents the weighted average trailing 12-month dividend of the constituents of the S&P International Dividend Aristocrats.

7

All market capitalization numbers are in USD$ Millions.

8

Inception Date is 8/22/2013

You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

ETF Characteristics

The fund lists and principally trades its shares on The Nasdaq Stock Market LLC.

The fund's return may not match the return of the S&P International Dividend Aristocrats. Securities held by the fund will generally not be bought or sold in response to market fluctuations.

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions.
Market prices may differ to some degree from the net asset value of the shares. Investors who sell fund shares may receive less than the share's net
asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, unlike mutual funds, shares may only be
redeemed directly from the fund by authorized participants, in very large creation/redemption units. If the fund's authorized participants are unable
to proceed with creation/redemption orders and no other authorized participant is able to step forward to create or redeem, fund shares may trade at
a discount to the fund's net asset value and possibly face delisting.

Risk Considerations

The fund's shares will change in value, and you could lose money by investing in the fund. One of the principal risks of investing in the fund is market risk. Market risk is the risk that a particular stock owned by the fund, fund shares or stocks in general may fall in value. There can be no assurance that the fund's investment objective will be achieved.

The fund is not actively managed and generally will not attempt to take defensive positions in declining markets.

The fund currently has fewer assets than larger funds, and like other relatively new funds, large
inflows and outflows may impact the fund's market exposure for limited periods of time.

The fund may invest in securities issued by companies concentrated in a particular industry or sector, which involves additional risks, including limited diversification. The fund may invest in small capitalization and mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies.

An investment in a fund containing securities of non-U.S. issuers is subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers. These risks may be heightened for securities of companies located in, or with significant operations in, emerging market countries. The fund may invest in depositary receipts which may be less liquid than the underlying shares in their primary trading market.

The fund may hold investments that are denominated in non-U.S. currencies, or in securities that provide exposure to such currencies, currency exchange rates or interest rates denominated in such currencies. Changes in currency exchange rates and the relative value of non-U.S. currencies will affect the value of the fund's investment and the value of fund shares

There is no guarantee that the issuers of the securities in the portfolio will declare dividends in the future or that, if declared, they will either remain at current levels or increase over time.

As the use of Internet technology has become more prevalent in the course of business, the fund has become more susceptible to potential operational risks through breaches in cyber security.

First Trust Advisors L.P. is the adviser to the fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund's distributor.

Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial
Services LLC ("S&P") and have been licensed for use by First Trust Advisors
L.P. The First Trust S&P International Dividend Aristocrats ETF is
not sponsored, endorsed, sold or promoted by S&P or its affiliates,
and S&P and its affiliates make no representation, warranty or condition
regarding the advisability of buying, selling or holding shares of the
First Trust S&P International Dividend Aristocrats ETF.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.

First Trust Portfolios L.P. Member SIPC and FINRA.
First Trust Advisors L.P.